IMPROVEMENT OF AGRICULTURE DEVELOPMENT INVESTMENT ASSURANCE MECHANISM IN UKRAINE

Abstract

The article generalizes available theoretical data concerning the investment assurance in the field of agricultural development. The author reveals the essence and tasks of the  agriculture investment assurance mechanism. The peculiarities of agriculture, which is significantly influenced by the investment risk growth, are described. The traditional and up-to-date economic instruments for the investment activity regulation in the field of agro-industrial complex are highlighted.

The analysed data indicates an increase in the relative investment activity of agricultural enterprises, which, in the context of a systemic financial and economic crisis, is an extremely important factor for the anti-cyclical regulation and general production activity stimulation.

The share of agriculture in the total volume of accumulated foreign direct investment is relatively small, moreover it declined during 2014-2016. The decrease of indicators attests the agriculture investment attractiveness deterioration for foreign investors. This was simultaneously accompanied by the implementation of appropriate protective mechanisms by the state regulatory bodies.

The author states that the investment attractiveness of Ukrainian agriculture is insufficient and proves the necessity of developing  target programs where the key criteria for agriculture investment assurance should be determined.

The author defines the main problems of agriculture investment activity organization; highlights the necessity of elaborating strategic element for attracting investment in agricultural production and increasing the investment attractiveness of agriculture;  emphasises the importance of  investment in the priority areas of activity, and mainly in fixed assets.

The article states, that the improvement of the agriculture investment attractiveness should be carried out primarily through the improvement of the organizational and economic mechanism of investment activity in agriculture, as well as the use of integrated scientifically grounded measures aimed at supporting the inflow of investments in agricultural production. It is also certain that the support of relevant credit programs is a key element in terms of stimulating high agriculture investment activity in the current environment of Ukraine.